Can you still purchase a property when a notice of default and/or a notice of trustee sale is posted?

Well, the answer is yes.   But you better be quick about getting your offer accepted, fully executed, and submitted!

If the property has passed the normal 90-day default period and the outstanding lien(s) have not been cured, then the property will go to a trustee's sale.

However, if you notify the organization that is handling the trustee sale that you have an accepted offer, you can in most cases have the trustee sale suspended so that the property can close escrow.

Make sure the lender(s) on the property are also notified and it is always best to get a statement in writing that the foreclosure activity has been suspended.

This way the gavel doesn't fall in the middle of your escrow!!